MAGNUM GOLDCORP INC. ("MGI")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: December 11, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced November 17, 2015:
Number of Shares: 4,000,000 shares
Purchase Price: $0.05 per share
Warrants: 4,000,000 share purchase warrants to purchase 4,000,000 shares
Warrant Exercise Price: $0.10 for a one year period
Number of Placees: 8 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Criterion Capital Corporation (Douglas Mason) Y 500,000
David Evans Y 500,000
Daniel Evans Y 500,000
Bruce E. Morley Law Corporation (Bruce Morley) Y 500,000
Hazmagic Holdings Inc. (Sead Hamzagic) Y 500,000
Andrzej Kowalski Y 500,000
Aggregate Pro Group Involvement P 500,000
[1 Placee]
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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